Standard rate of VAT returns to 23 percent

Mar 01, 2021

The July Jobs Stimulus Plan provided for a temporary reduction in the standard rate of VAT from 23 percent to 21 percent, from 1 September 2020 to 28 February 2021. Effective from today, the standard rate of VAT returns to 23 percent. The Tax and Duty Manual – Changes in rates of VAT – may be of assistance as the 23 percent rate is reinstated.